Steinberg Company had the following direct materials costs for the manufacturing of product $T$ in March:

Actual purchase price per pound of direct materials

Standard direct materials allowed for units of product $T$ produced

Decrease in direct materials inventory

Direct materials used in production

Standard price per pound of material

Required:

What was Steinberg's direct materials purchase$-$price variance and its direct materials usage variance for March? Indicate whet each variance was favorable $($F$)$ or unfavorable $($U$).$

Prepare the appropriate journal entries for March.

Complete this question by entering your answers in the tabs below.

What was Steinberg's direct materials purchase$-$price variance and its direct materials usage variance for March? Indicate whether each variance was favorable $($F$)$ or unfavorable $($U$).($Do not round intermediate calculations. Round your answers to the nearest whole dollar amount.$)$

$\backslash$table$[[,,],[$Direct materials purchase$-$price variance,,$],[$Direct materials usage variance,,$]]$

$$8\mathrm{.}10$

$2,700$ pounds

$100$ pounds

$2,900$ pounds

$$7\mathrm{.}85$

$$7\mathrm{.}85$

$\backslash$table$[[$Actual purchase price per pound of direct materials,$$8\mathrm{.}10$